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Supply of Goods and Services in GST Law

Goods and Services Tax - GST - By: - Sanjeev Singhal - Dated:- 12-1-2017 - Supply is wider term used in GST law as the GST is based on Supply only. Now the question arises what is supply. Supply is transfer of goods and services on which GST will be imposed. Supply has been mainly defined in Section 3 of GST law subject to Schedule- I to IV. Therefore to understand supply of goods and services it is more important to under stand the Schedule- I to IV also whether particular supply is goods or se .....

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nsideration whether or not in the course of business or furtherance of business. C] supply specified in schedule -I without consideration. 2. Schedule -II will apply for matter whether supply shall be treated as goods or service. 3. despite anything contained in point -1 , activities or transaction mentioned in the schedule-III and IV shall not be treated as supply of goods or services. 4. Composite and mixed supply Composite supply having two or more supplies, one of which is principal supply s .....

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he principal or from agent to principal where agent receive the goods on behalf of principal . importation of service by taxable person from related person or his establishment outside India in the course or furtherance of business. Supply shall be treated as supply of Goods or Services [ Schedule-II ] Transfer Transfer of title in goods is supply of goods Transfer of goods or right in goods or of undivided share in goods with out the transfer of title is supply of service Transfer of title in g .....

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s transferred and assets will no longer form part of those assets, with or without consideration, such transfer is supply of goods. Goods held for business has been used for private or otherwise or given to any person for use with or without consideration shall be treated as services. Where any goods forming part of the assets of business supplied in the course of or furtherance of his business shall be treated as supply of goods except the following; Business is transferred as going concern to .....

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any authority authorized to issue completion certificate namely architect registered under Architect Act , Chartered Engineer registered with Institute of Engineers, License Surveyor of the local body of city or town. Construction include here addition, alteration, replacement, remodeling of any existing civil structure Temporary transfer or permitting the use of or enjoyment of any intellectual property right. Development, design, programming, customization, adoption, upgradation, enhancement, .....

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other than alcoholic liquor for human consumption, where such supply of services is for cash, deferred payment or other valuable consideration. Following shall be treated as supply of Goods Supply of goods by unincorporated association or body of person to member for cash, deferred payment or other valuable consideration. Activities or transaction which shall treated neither as supply of goods nor supply of services [ Schedule -III ] Service by employee to employer Service by court to tribunal S .....

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nt , State Government or any Local Authority which shall be treated as neither supply of goods nor supply of services………… [Schedule -IV] Services provided by Government or Local authority to another Govt. or Local Authority excluding the following. Service by department of post by way of speed post, express parcel post, life insurance and agency services. Service in relation to aircraft or vessel Transport of goods or passenger Service provided by Govt. or Local autho .....

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